GREEN AMMONIA MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In August 2023, Yara International, a leading global fertilizer company, partnered with Siemens to develop a green ammonia production plant. This collaboration aims to leverage the expertise of both companies in sustainable technologies to create a more environment-friendly ammonia production process. By investing in green ammonia, Yara International demonstrates its commitment to reducing the carbon footprint of its operations and contributing to a more sustainable future in the fertilizer industry.
• In June 2023, CF Industries announced its plans to invest in a new green ammonia facility in the U.S. This initiative reflects the company's commitment to sustainable practices and the growing demand for environment-friendly fertilizers. By focusing on green ammonia production, CF Industries aims to reduce carbon emissions and enhance its role in promoting sustainable agriculture, positioning itself as a leader in the transition to greener solutions in the industry.
• In April 2023, BASF, a chemical company, launched a pilot project aimed at producing green ammonia using renewable energy sources. This innovative initiative highlights BASF's commitment to sustainability and its efforts to reduce carbon emissions in ammonia production. By harnessing renewable energy, the project seeks to demonstrate the viability of environment-friendly ammonia production methods, paving the way for a more sustainable future in the chemical industry.
• In March 2023, Mitsubishi Heavy Industries acquired a stake in a startup dedicated to advancing green ammonia technology. This strategic investment underscores Mitsubishi's commitment to sustainability and innovation in energy solutions. By collaborating with a forward-thinking startup, the company aims to enhance its capabilities in green ammonia production, contributing to the development of cleaner energy alternatives and supporting global efforts to reduce carbon emissions.